Looking at the candlestick chart alone can leave out half the picture. $ZEREBRO 1-hour open interest is up 8.3% and price is up 2.79%. Taken together:
Open interest rising, price rising: new longs are entering.
If open interest keeps piling up, watch whether the funding rate is also moving toward an extreme. Do you usually use leverage?
#ZEREBRO
Open interest rising, price rising: new longs are entering.
If open interest keeps piling up, watch whether the funding rate is also moving toward an extreme. Do you usually use leverage?
#ZEREBRO